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Altseason Almost Here!!!Taking a look at our bitcoin dominance and we have just recently broken right through that crucial 40% mark and that is a huge deal for the altcoins, realistically we should start seeing some explosive price movements going forward across the board. We definitely want to see our daily candle close below the 40% line as it would be very bearish and with that bullish for altcoins. A close here opens up the door for a breakdown to our first support at aprx 39.5% and then our S2 support which comes afterthat, either way any price action going forward that continues to drop is very positive for the alts! The bottom band on the bollingers as you can see is just below us we actually wicked onto it, the door is open for us to grab onto here and to see a big fall in domiance, historically closing ontop of this bottom band leads to explosive bearish price action just like we want! The RSI is getting crushed fairly badly and thats another great sign going forward, the RSI getting stuck below the midline signals we are in a confirmed downtrend which of course is positive for the altcoins. The interesting thing here though, is that we have tons of heavy resistance above us and it appears they are going to be pretty tough to breakthrough, we have the SMA which we are now below(BEARISH) and then we have two overhanging heavy lines of resistance that will take quite some time to break i personally think! Overall looking very good for the altcoins and if we see this trend continue moving forward we could be leaping right into altseason where i expect to see some explosive massive gains! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance: Alt Season Coming!Hello friends, today you can review the technical analysis on a 1W linear scale line chart for the Bitcoin Dominance. I generally look at candlestick charts, but for presentation purposes, a line chart is used. 1) The BTC Dominance has been respecting a Parallel Channel since the May 2021 crypto market correction. 2) Also there is a Bear Flag Pattern that has formed in the charts. This pattern's target is usually the length of the flag staff. 3) Since the RSI (relative strength index) recently broke a key support line, it may go back up to re-test the trendline before falling further. 4) With the potential increase in RSI, the Bitcoin Dominance may go up as well before a drop down. 5) If the Bitcoin Dominance falls to the target, it could result in potentially the biggest Altcoin Season. 6) If Bitcoin Dominance breakout above the Parallel Channel, it could invalidate this idea. 7) This is a weekly chart so don't expect anything to happen quickly. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year? Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:BTC.D
by MillionaireEconomics
4
Altseason on the Horizon!!Bitcoin dominance is once again falling after what looked like a possible reversal to the upside of this descending channel, i predicted that we would see a push up to the top of the channel before then bouncing off and continuing the downtrend. We are looking very good as far as the altcoins are concerned, everytime BTC dominance falls the altcoins get a boost and in my opinion we are not even close to the full blown altseason i have been talking about, honestly due to the fact that in the 2018 altseason peak we had a BTC dominance of aprx 35% and as you guys can see we are very far off that number, another great reason is because of the shear growth of crypto and altcoins in general, back in 2018 is was pretty rare for people to be involved in crypto and if they were it was likely in Bitcoin, the growth and adoption of both BTC and all the altcoins has done tremendous numbers and just based of that there is good reason to believe that this altseason will be the largest in history. Lets take a look at some key indicators, the first is the EMA Ribbons, this indicator is a slow mover and shows the strength and momentum of the bears and bulls, and in this case where our red ribbons are ontop of the green we are measuring the bears momentum. This indicator has not even come close to its full effect we are just getting going, that is due to the fact that the ribbons are still very compressed together and the more and more they spread out the bigger the momentum is. If you go back on the charts and even look at the bullish cycles of this indicator you will notice that the ribbons are not even close to being fully spread out, and when they do reach the stage of max spread the gains or losses are absolutely huge, this is a great tool to keep an eye on to judge the strength and power of the current cycle and have a good guess of where we currently are and where we can end up. The RSI is on here because it shows us exactly where we are in a trend stance, below the midline we are in a confirmed downtrend and the opposite is true for above the midline. So confirmed downtrend that is constantly holding on our BTC dominance means big gains and explosive moves for the altcoins, and the longer we hold this the faster altseason will come. Before we get into our last indicator we have some important levels to talk about, first off being the descending channel, we just had a close underneath the bottom of this channel and this ultimately turns this level into resistance which is great for the altcoins. Just above here we have resistance at 41.22% and 41.57% which are both decently strong levels, then of course we have the top of the descending channel and then heavy resistance at the 42% level, overall this makes a climb back up a lot more tough and highly likely that we wont see an uptrend for quite awhile. Now our next must break support level is the 40.50% level and i personally this might take a couple trys just because we have barely seen action here at all recently, 1 time recently but then not since awhile back. Now the ADX, we have seen a strong downswing here on this indicator and what this basically shows us is the average direction of price action and many people might of thought we have bottomed out here recently with a little curl upwards but it seems we are getting back to the norm with the ADX moving sideways and slightly downwards! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
1
ALTSEASON ABOUT TO BLOW UP!!?Bitcoin dominance is once again continuing the fall and the altcoins are going to absolutely love it, even when we see a slight drop in BTC.D the altcoins begin to breakout! We are currently sitting on the 41.57% level and there is a good chance we see a push through here for our daily close, even if we don't close below here today i think the time is coming soon. Looking at the bollinger bands we are pushing onto that bottom band which is a great sign for the altcoins, it seems like we are going to get a daily close directly on that bottom band and this can for sure trigger a big slip to the downside. as far as resistance levels go we have massive amounts of heavy resistance above our heads, we have 3 heavy resistance levels from 42 to 43% and aswell as strong resistance coming from the bollinger bands midline. Now lets look at the SMA's, these levels are also very very strong, we have the 50 day up around the top band on the BB's, the 100 day which is one of the stronger levels is lining up almost perfectly with the midline on the BB's which, this level will take a tremendous amount of momentum to breakthrough. The 200 day is just above the 50 which is another huge level, so overall we are looking very good as far as altseason goes, i personally don't see BTC.D making a strong climb back up anytime soon! The MACD is looking like its ready for another bearish cycle here, looking at the histogram we are once again making bigger red bars day after day increasing bear momentum and we just recently had a bounce off the orange MA, the blue seems to be starting to trail off and falling towards the downside, we want to see more separation in the MA's making it less likely to get a bullish cross. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
Bitcoin Dominance Ready to Drop!!?Once again we are discussing the very important BTC dominance, the reason of why this is being brought up over and over by myself is due to the fact that this is the best indication of where the market is headed and most importantly where the altcoins are headed. If we continue to see drops in Bitcoin dominance each drop is going to significantly boost the altcoins, keep in mind that Bitcoin is likely to drop if we see a spike down in dominance in turn bringing the alts down with it, but heres the catch.. initially the alts will bleed along with BTC but once we see a settle and catch support for BTC the altcoins will be primed to breakout and rally to the upside. we have broken through the 42.62% support level and we will need to hold under here for our daily close and we are coming up on our next support at 42.36%, a decent support level with some strength, but what im seeing right now could be pose a big threat to this support level which is exactly what we want, and that is, the bollinger bands. As you guys probably know by now grabbing onto the bottom band can trigger an explosive move to the downside. Our current price levels are resting right on that bottom band and as we head into our daily close this could be huge for altcoins, a close ontop of this bottom band opens up the door for continued red candles that will likely push down in a vertical manner in turn shredding through most support levels we are currently facing. The RSI has been rejected off of longer term downtrend resistance, we are now heading for the further downside and the very bottom zone, this resistance level poses a threat to the RSI as it is very strong and could definitely give the RSI a lot of problems when we try and break it at a later point. Overall this is very good aswell though and the main thing is that we are continuing to cruise around in the bottom half of the zone underneath the midline, being under the midline puts us in a confirmed downtrend scenario that could go on for quite some time, and downtrend in BTC.D equals explosive moves for the alts. Now the MACD, i have it zoomed in pretty far so we can get an accurate read but we just recently had a bearish cross which is a good sign and we are seeing day after day increased red bars on the histogram giving momentum to the bears, our MA's are looking good off the bat we are seeing good separation and we want to continue to see this play out as itll get harder and harder to get a bullish cross. Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance In for a BIG drop!!Taking a look at our Bitcoin dominance chart and we notice one thing right off the bat, a big shift in momentum and lots of pressure to the downside, want to point out aswell i have called this from quite some time ago and just recently in the past week or so! We have fallen right out of our bearish wedge, rather than taking the long way we decided to drop out nearly right after i made a TA talking about that possibility. We are currently sitting under the strong 43% support level and its looking like we are going to get this bearish close for our upcoming daily close, we are slightly above the 42.62% support level which i think we are likely to break any day now. Also take a look at that 42.62% support level you will notice that it lines up the bottom band coming from the bollinger bands and i think yall know what im gonna say... if we do see a close and grab onto this bottom band it could easily spark a big move to the downside and thats exactly what we are looking for, the altcoins will be loving any drop in BTC dominance and will likely explode if we do see a sharp drop, now keep in mind if BTC follows the dominance and has a spike down the altcoins will likely feel the pressure at first but once we settle the alts should start to rally. Our MACD is looking good we are seeing yet another increase on our histogram for our red bearish bars, effectively putting pressure on BTC and its dominance, we had a recent bearish cross that has confirmed and we are seeing a decent spread within the MA's which is exactly what we want to see, the Blue MA has to start moving further away from the orange MA making is more difficult for us to get a bullish cross. Now the squeeze momentum indicator, we are having around 4 days now of very flat green bars which is not a big deal, i don't think we will be going into a bullish squeeze here i think this is just following our slightly sideways price action, i think when we see a fall in the dominance it will push the SMI into the red zone which we will then be looking at a bearish squeeze, we will want to see a steady increase in red bars confirming the bear squeeze shown by the black crosses on the midline, then we will have a confirmed bear squeeze and we will then be looking at a squeeze release shown by the black crosses turning white, now this part of the indicator is the very explosive part and when we do actually see the release portion we can expect BTC.D to take quite the tumble to the downside especially pairing that with a grab onto the bottom bollinger band, altseason is on the horizon! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
BTC Dominance - when will altcoin fever start ❓😱Bitcoin dominance is slowly moving downwards. This is good for altcoins, as you may have noticed all altcoins are moving up little by little. Some coins have already made more than 200% growth. If Bitcoin dominance breaks through the resistance zone, it is very likely that altcoin fever will start in the market. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
CRYPTOCAP:BTC.DLong
by Yuriy_Bishko
11
BTC.D Continuing To Fall!checking out bitcoins dominance we have gone on quite the fall recently and the altcoins are absolutely loving it! We are currently getting held up on the 44.75% support level and this is our forth day testing this level and i believe we could see a breakdown coming up soon, there is a chance we continue the sideways movement aswell but either way i think the altcoins are going to continue to thrive! Each time we see a drop no matter how small or big the altcoins start to pump, and currently Bitcoin dominance is pretty high imo and there is a likely chance that we see a further drop, i personally am looking for a longer term target around 35% BTC dominance, during the peak of 2018 altseason we saw a bottom out around 35% dominance and id say that is for sure doable again, honestly could see a further drop than that aswell since majority of the altcoins have gained a lot more exposure and have increased heavily since 2018. Looking at the bollinger bands we have fallen below key support coming from the midline which is now resistance and this is what we want to see (if you enjoy altcoin runs) a drop below current support levels also opens the door to a grab onto the bottom bollinger band which is sitting above our next major support level at 43% if we do see this play out it will likely ignite a massive altcoin run as bitcoins dominance could slide much lower cutting through many major support levels on the way. Lets take a look at the RSI, we are right on the midline and are pointing heavy to the downside, a break below here will be key aswell for the alts, if we do see this happen we want to watch for a rejection off the midline if we start to push back upwards, this is very important because if we fall below the .50 and can't recover we are looking at a confirmed downtrend for BTC dominance and that is exactly what we need if we are going to see a massive, explosive altseason. Keep in mind we could see some sideways movement like i talked about earlier before fully breaking below but we will have to keep a close eye on this as the RSI tells a much more important story rather than just "overbought and oversold". Now the Squeeze Momentum indicator, we are in a rapid decline on the histogram showing a decrease in bullish momentum and we are slowly but surely approaching the midline, we want to continue to see decreasing green bars day after day and then ultimately a push below the midline and into bear territory, if we do see this play out there is a good chance we could see a large bearish squeeze and release creating big pressure to the downside. We already saw our bull squeeze release for this SMI cycle and it was a pretty large one which opens the door for a pretty large bearish version! Keep in mind that if we do see BTC.D fall hard BTC will also fall dragging down the market initially but after that initial drop the altcoins will begin to surge and fly high! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
#BTCDOMINANCE BTC Dominance Chart 1M BTC Dominance Chart on a monthly basis. RSI has created a double bottom so expect a good sign of upward movement soon. Possible bad sign for altcoins for a period of time as BTC dominance goes up. Let's hope Ethereum and other Alts can have their happy day before dominance moves up too fast. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. #cryptopickk #bitcoinprice #btcdominance
CRYPTOCAP:BTC.DLong
by MillionaireEconomics
2
Altcoins SEASON INCOMING 🚀🚀BTC Dominance is one of the major signs of ALT Season return or arrival. The lower the Score on the BTC.D card, the better for rally of Altcoins . On the other hand the higher the Score , the bad for altcoins . Technically, we are in a descending channel , setting up nicely along with it. See where I marked Flat Top sent it downwards previously, which is responsible for current Alts moves, but that's just tip of the iceberg. It failed to make Higher High but did Lower High instead ( Red Flag ) At the moment, it is moving within GP ( golden pocket ), though it already punched through it once . If it cannot make it out of GP, that means drop is imminent Various levels of Resistance on the chart where I expect near rejections . To take it down towards mid-channel, then bottom of channel. With all these on the charts it is obvious ALT SEASON may just be around the corner . Where all tokens will go parabolic, even meme coins will follow. 🤑🤑 Keep watch and fingers crossed on this one. Click Follow 🚶 for daily analysis. Click Like 👍 if you like this idea
CRYPTOCAP:BTC.DLong
by CryptonKidd
Bitcoin Dominance Downside Coming!!?Bitcoins dominance has risen up along with bitcoins price and hurt the altcoins almost all around the board, but things are looking up for altcoins as bitcoin dominance looks like its about to tumble down. As dominance falls altcoins will start to rise and the more it falls the more Alts will pump, keep in mind bitcoin can initially drag down the market if we see price action drop along with dominance but once we find some footing on BTC we can expect altcoins to start flying! First off taking a look at todays daily candle, we notice a very small body and long wicks coming from both sides, now this is often looked at as a transition candle and in this case would be a bearish transition candle, we do have to wait for our daily close tonight to really get the confirmation, but either way i think some downside on the dominance is coming sooner than later. We have had a spree of green daily candles, we have had 18 in a row almost except for 1 red candle in the middle of this run up, as you can see on the pivot bands we have had many many touches off the red band at the top and what usually follows is some downside, and this will be key for the altcoins. We want to see a push underneath the purple midline which likely wont happen today but i could see it coming in the next couple days, this will eliminate a key support level and then we will be challenged with support at 44.68% and a break below here is what we want to see, then of course a continued fall downwards. Now looking at the reversal momentum indicator (RMI) we are coming up very close to a bearish cross or a bearish reversal, and since we are pretty high up in the top zone we can likely see a decent fall if we do see this reversal play out, we want to see big separation with the orange on top. Now the Wavetrend is looking pretty bearish considering we are in the sell zone now for a bit of time, and we notice a nice downside curl signalling this upside wave could definitely be coming to an end here soon, the last time we saw such a big upside wave was at the beginning of august and we were followed with pretty heavy downside which will be key to spark this altseason and too send the altcoins flying sky high! Not financial advice just my opinion!!
CRYPTOCAP:BTC.DShort
by JacobR905
1
Bitcoin Dominance - when to buy altcoins 🤔❓Many guys ask what to do with altcoins, when is the best time to buy them? In this idea, I will show you the best place to buy altcoins! Bitcoin dominance is a very important indicator that can tell us when is the best time to buy or sell altcoins. Right now on the chart, you can see that bitcoin dominance is in a trading range between the 50 and 40 levels. The dominance is now rapidly moving upwards, which is not good for altcoin growth, so all altcoins are now either falling or in consolidation. There is a marked resistance area at the top of the chart, which could stop bitcoin dominance and would be a good opportunity to buy altcoins. But another scenario should be noted, if bitcoin dominance continues to squeeze near this area, it would signal a breakout and a continuation of the altcoin decline. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
CRYPTOCAP:BTC.D
by Yuriy_Bishko
10
BTC Dominance Fake Breakout!!?Checking on how are bitcoin dominance is doing and we find something most wouldn't have expected, a breakout to the upside of this historically bearish pennant, but it may not be what it seems and i think this could be a fakeout scenario, we are currently breaking up above the 42.37% heavy resistance line and will be fast approaching the 42.62% heavy resistance line if we continue. But what im noticing from many indicators is that technically we are looking very bearish as you all are aware, ive been talking about this hidden bearish divergence continuation pattern and bearish pennant pattern a lot over the past week. First lets look at our RSI, we are once again up and around the previous highs resistance line and we could definitely still see a bounce off and fall down like we recently just saw, we aren't in a confirmed uptrend yet it is just way too close to call plus we haven't spent much time above the midline yet. Now check out the MACD we are sort of looming on a bearish cross and have been for some time now, we are seeing a very flat and even sometimes decreasing green histogram showing bull momentum trickling away and our MA's are very very close together slowly moving upwards, but one move could trigger a huge bearish cross which i personally think is likely after this long drawn out green period. Now lets take a look at the bulls and bears power, we clearly see much greater bear power on BTC's dominance, we however are seeing a slight pop up in bulls power likely due to the couple solid green days we just had, we notice our black trend line is approaching the midline and we definitely want to watch this as we could see a shift in power coming up soon, or we could get a strong bounce and continue of where we currently are! Overall i think we are still going to see a big crash in BTC dominance due to many factors but the biggest being the clear hidden bearish divergence which is a continuation of trend pattern, and when this pattern popped up we were in a clear strong downtrend signaling a continuation of that, and keep in mind sideways movement can play out for a little bit and usually always leads too a strong move and once this sideways action is over i personally see us falling to the downside, could be tomorrow could be in a week, the divergence patterns almost never play out right away and can take some time so keep that in the back of your mind knowing that we could be in for a fall sooner than later, and as i said before and i will say again if we do see a big drop in dominance bitcoin will feel that fall and therefore altcoins will for sure take a hit initially, but afterwards we can expect some big gains! Not financial advice just my opinion!
CRYPTOCAP:BTC.DShort
by JacobR905
3
BTC Dominance getting stopped by heavy resistance!!Bitcoins dominance has been running the opposite of the market while we see a rise here we have been seeing some very red days for the overall crypto market, that might be ending pretty soon, Bitcoins dominance is currently facing very heavy resistance at the S1 level after falling underneath, we have many many wicks from even years ago on this level and its been getting built stronger for a long time now, i would be very surprised if we see a push through here atleast in the coming days especially since we have a total of 8 green candles in a row, i think a fall is likely too continue, and keep in mind we are in a very strong downtrend at the moment. We have some support directly underneath us at the 41.61% level and then a couple more, and i don't know if these would hold up all that well if we saw a strong reversal here and continued strong momentum to the downside, we could likely see the S2 level in the near future and i think that would absolutely ignite an altcoin run with ETH leading the pack with its almost 19% dominance level. Checking out the Ichimoku cloud we are seeing big red clouds of resistance pushing down our dominance, we look like we are seeing a slight decrease in the bearish cloud likely due to the recent upside we have had. Now check out the stoch RSI we notice we are far into the "overbought" zone and we are seeing what looks like to be a top out, we are in and out of bearish crosses and i think sooner rather than later we are going to see that big fall to the downside likely pushing the actual market into some green days! Not financial advice just my opinion
CRYPTOCAP:BTC.DShort
by JacobR905
#BTC Dominance 100% Perfect Prediction! What's next?Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Let's get straight to the chart. BTC dominance started falling from the 48.6 level (the circle) we called the alt season at that time. Many altcoins already went 4x to even 10x. The question here is, is it over already? I will keep this simple for you... If we hold this 41.8k level by this weekly close we can expect some bounce which will give us some opportunities to buy Altcoins at cheap prices. Any close below the red line leads to alt season Lower support is at 39.03 and 36.33 levels. I am. holding my altcoins on spot for now. What's your thought on this? Do you think this correction is over? Do you think ALTCOINS could easily pump from here? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE

CRYPTOCAP:BTC.D
by Cryptorphic
7